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Second Schedula C

I AM A STATUTORY EMPLOYEE WORKING AS AN INSURANCE SALESMAN.  MY FORM W2 IS MARKED AS SUCH IN BOX 13 WHICH GENERATED A SCHEDULE C.

I RECEIVED A FORM 1099-MISC FROM ANOTHER INSURANCE COMPANY REPORTING COMMISSION I RECEIVED FROM THEM FOR ONE OF THEIR POLICIES I SOLD.

THE 1099-MISC GENERATED A SECOND SCHEDULE C.

HOW CAN I REPORT ALL INCME AND EXPENSES ON A SINGLE SCHEDLE C TO AVOID PAYING SE TAX FOR FORM 1099-MISC INCOME?

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1 Reply
Anonymous
Not applicable

Second Schedula C

 

here's what TT says

Statutory employee income cannot be reported on the same Schedule C as other self-employment income. If you has both types of income, report the incomes on two separate Schedules C.

 

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